XORPsource raises $5 million in first round for open-source routing software
XORPsource has raised $5 million in first-round funding for its open-source routing software business. The company is based in Santa Clara, Calif., and does not yet have a web site. Investors include Highland Capital Partners and Onset Ventures. The firm is headed by Vivek Ragavan, former chief executive of Atrica, Redback Networks and Siara Systems, which Redback bought in 1999 for $4.3 billion.
FCC gets $10 billion minimum for wireless auction — but who is Triad?
updated with info on who is behind Triad
The Federal Communications Commission has gotten bids for more than the minimum of $10 billion it had set for its 700-megahertz spectrum auction, and there’s word that AT&T has been an active bidder.
Google and Verizon are also assumed to be bidding on a chunk of the spectrum. The auction is significant, and closely watched in technology circles, because it could open up innovation in the wireless industry —… Continue Reading
ANDA Networks files for Nasdaq IPO
In one of the last tech filings of the year, ANDA Networks has applied for an initial public offering on the Nasdaq that could raise almost $90 million.
ANDA manufactures equipment used by telecom carriers (primarily Verizon) to provide high-speed broadband to their customers. Founded in 1998, it has only had one profitable year, in 2005, but has steadily narrowed its average losses.
Investors in the Sunnyvale, Calif. firm include Venrock Associates, Highland Capital, Crimson Asia Capital,… Continue Reading
Going, a networking site for urban events
Going.com, a Boston-based networking site centered around urban events, has grown rapidly since it launched in June of last year.
The site, which tomorrow changes its name to Going (away from HeyLetsGo.com), says it has 220,000 unique monthly visitors to the site. The numbers, while not mind-blowing by any stretch, are enough to look around and ask why other sites haven’t sewn up this events area. Going lists events in three cities; it launched in Boston… Continue Reading
Bolt hosed, shows the risks of video
GoFish, a video-sharing site much like YouTube, has acquired another video site, Bolt, to save that company from lawsuits that threatened to sink it.
The $30 million transaction, first reported by the NYT, is reportedly being used by New York’s Bolt to pay a settlement of “several million dollars” to Universal Music Group, which had sued Bolt for copyright infringement. (See merger filing here)
Thus ends the topsy-turvy ride of Bolt, the company started in 1996 to… Continue Reading